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Business Funding Myths That Are Holding You Back
When it comes to growing your business, access to capital can make or break your momentum. But many business owners never apply for funding — not because they can’t qualify, but because they’ve bought into outdated or straight-up false beliefs. Let’s bust some of the biggest business funding myths that might be holding you back:
Nolan Montiel
6/20/20251 min read
🚫 Myth #1: “You need perfect credit to get approved.”
Truth: Credit matters, but it’s not everything.
Alternative lenders (like us at One Turn Solutions) look at your business performance — not just your FICO score. Even if you’ve had credit challenges in the past, you may still qualify based on your revenue, cash flow, or time in business.
🚫 Myth #2: “Banks are the only safe place to get funding.”
Truth: Traditional banks are slow, strict, and often say no.
Today’s funding options include merchant cash advances, lines of credit, invoice factoring, and revenue-based financing — all built for speed and flexibility. Unlike banks, we can fund in 1 – 6 hours without 10+ documents.
🚫 Myth #3: “It’s too complicated or takes forever.”
Truth: The process has evolved.
At One Turn Solutions, most approvals take a few hours, and the application is just one page. You don’t need to dig up every tax return since 2019. Just send 4 recent months of business bank statements and a quick application you’re on your way.
🚫 Myth #4: “Funding is only for struggling businesses.”
Truth: Smart owners use capital to scale up, not just survive.
We work with businesses that are growing fast and need capital to:
Buy inventory
Cover payroll
Expand locations
Take on larger contracts
It’s not a sign of weakness — it’s a tool for leverage.
🚫 Myth #5: “All funding options have crazy interest rates.”
Truth: Not all capital is expensive.
Yes, some products (like MCAs) have higher rates due to the speed and risk. But with the right structure, terms can be customized to fit your cash flow and repayment comfort zone. We present multiple offers so you can choose what’s best.